Whispering Winds Corp. purchased a truck for $73,000. The company expected the truck to last four...
Whispering Winds Corp. purchased a truck for $73,000. The
company expected the truck to last four years or 110,000 miles,
with an estimated residual value of $18,000 at the end of that
time. During the second year the truck was driven 30,000 miles.
Compute the depreciation for the second year under each of the
methods below and place your answers in the blanks
provided.
| Units-of-activity | $enter the depreciation for the second year under the
Units-of-activity method in dollars
|
|
| Double-declining-balance | $enter the depreciation for the second year under the
Double-declining-balance method in dollars
|
Homework Answers
|
Units of activity = (73,000-18,000)/110,000 * 30,000 |
15,000 |
|
Double declining balance Rate = 200/Useful life"= 200/4 = 50% First year = 73,000*50% =36,500 Second Year = (73,000-36,500)*50% |
18,250 |
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Whispering Winds Corp. purchased a truck for $73,000. The
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